Yes Bank Base Rate, Yes Bank MCLR Base Rate Past Trend

Current Yes Bank MCLR Base Rate

Last Updated 26th Nov 2016
7th Dec 2016 - RBI keeps interest rates unchanged. Repo rate stays at 6.25%. CRR at 4%. 100% CRR on fresh deposits withdrawn
Tenure MCLR, Base Rate
Overnight 8.50%
1 Month 8.50%
3 Month 8.80%
6 Month 9.00%
1 Year 9.25%
Current MCLR base rate of Yes Bank ranges from 8.50% to 9.25% depending on the reset frequency of the loan. Rates are revised every month.
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Yes Bank Interest Rates
Personal Loan Interest Rates 11.99% * Detail
Fixed Deposit Interest Rates 5.50% to 7.15% * Detail

Past Trend Base Rate of Yes Bank

Yes Bank base rate history
Revised Date
Overnight MCLR
1 Month MCLR
3 Month MCLR
6 Month MCLR
1 Year MCLR
2 Year MCLR
3 Year MCLR
5 Year MCLR
01st Nov 16
8.50%
8.50%
8.80%
9.00%
9.25%
-
-
-
01st Oct 16
8.75%
8.80%
9.10%
9.20%
9.40%
-
-
-
01st Sep 16
8.75%
8.80%
9.10%
9.20%
9.45%
-
-
-
01st Aug 16
8.75%
8.80%
9.10%
9.20%
9.45%
-
-
-
01st Jun 16
8.90%
9.00%
9.25%
9.30%
9.50%
-
-
-
01st Apr 16
9.00%
9.10%
9.25%
9.40%
9.60%
-
-
-

Yes Bank base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, Yes Bank decides its own base rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR base rate of any bank
  • Effective 1st April 2016, the minimum base rate is determined based on marginal cost of funds and not on overall cost of funds. Yes Bank has different MCLR base rates ranging from 8.50% to 9.25% for different tenures

Changes in MCLR Base rate of Yes Bank

  • MCLR rate can be revised by Yes Bank every month
  • Note that it is not mandatory for Yes Bank to revise its rate every month and it may choose to retain the same rate for a longer period

Yes Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Yes Bank is benchmarked to its MCLR base rate for a particular tenure, say 1 month or 3 month or 6 months
  • Shorter duration loans (such as cash credit, OD facility, overnight loans) are linked to shorter duration MCLR rate while longer duration loans (such as home loan, loan against property, vehicle loan) are linked to longer duration MCLR rates
  • The applicable rate of interest on a floating rate loan will consist of two parts - the applicable benchmark rate and the spread or margin above the benchmark
  • Your loan from Yes Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. So, a home loan linked to 1 year MCLR rate of Yes Bank will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 9.60%. This loan will initially be priced at 10.1%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 9.35%, the loan will be priced at 9.85% for the next year

Past trend of Yes Bank Base Rate vs RBI Repo Rate

Date Base Rate
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
05th Oct 15 10.25% decreased by 0.25%
29th Sep 15: 0.5% repo cut by RBI
22nd Jun 15 10.50% decreased by 0.25%
02nd Jun 15: 0.25% repo cut by RBI
04th Mar 15: 0.25% repo cut by RBI
15th Jan 15: 0.25% repo cut by RBI
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
01st Aug 13 10.75% increased by 0.25%
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
29th Jan 13: 0.25% repo cut by RBI
17th Apr 12: 0.5% repo cut by RBI
25th Oct 11: 0.25% repo hike by RBI
25th Oct 11 10.50% increased by 0.25%
16th Sep 11: 0.25% repo hike by RBI
26th Jul 11: 0.5% repo hike by RBI
16th Jul 11 10.25% increased by 0.5%
21st Jun 11 9.75% increased by 0.25%
16th Jun 11: 0.25% repo hike by RBI
04th May 11 9.50% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
02nd Apr 11 9.00% increased by 0.5%
17th Mar 11: 0.25% repo hike by RBI
25th Jan 11: 0.25% repo hike by RBI
25th Jan 11 8.50% increased by 0.5%
13th Dec 10 8.00% increased by 1%
02nd Nov 10: 0.25% repo hike by RBI
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI
01st Jul 10 7.00%

Yes Bank Base Rate Vs. RBI Repo Rate Trend

About Yes Bank

  • Yes Bank is a Private Bank in India with 632 branches, 1,194 ATM's and 9,275 employees across the country.
  • Yes Bank's registered office is located at Nehru Centre, 9th Floor, Discovery of India, Mumbai Maharashtra 400018.
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 3,488 crs. and Standalone net profit of Rs. 2,005 crs. Yes Bank reported total deposits of Rs. 91,176 crs and total advances of Rs. 75,550 crs.
  • Yes Bank's management is led by its CEO Mr. Rana Kapoor.
  • Highest fixed deposit interest offered by Yes Bank is 7.10% per annum on deposits.
  • Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
X
News - Dec 2016
21st Sep 16 Fintech startup NiYO partners with YES Bank
Fintech startup NiYO has partnered with Yes Bank to turn out benefits to their employees. NiYO was launched in 2015 to benefit employee and payroll companies and allow employees to access and control their capitals. NiYO will provide benefit card to Yes Bank existing smart salary customers in 2000 companies. NiYO and Yes Bank have planned to provide these services to 20,000 companies and 5 million customers in the next five years.
23rd Aug 16 Yes Bank launches 7 credit cards
Yes Bank has launched seven credit cards to stimulate growth in its retail banking business. The card category includes Yes Prosperity and Yes First (for high net worth customers). The bank will charge a minimum 1.2 percent interest per month on Yes First Credit Card. These credit cards are central to its customer acquisition plans as the bank has set a business target too control 18 percent of industry which is having a base of 5 million active card customers by 2020
27th Jul 16 Yes Bank Q1 profit increased by 33%, revenue in-line; asset quality stable
As per the results of quarter ended June 2016, despite sharp spike in provisions, Net Profit of Yes Bank increased by 32.8 percent year on year to Rs 731.8 crore. The increase on Net Profit was largely attributable to a growth in net interest income, other income and operating profit. Net Interest Income, increased by 24.2 percent to Rs 1,316.6 crore aided by loan growth and CASA deposits. Provisions for bad loans increased 111 percent year on year and 10.8 percent quarter on quarter to Rs 206.6 crore for Q1FY17
04th May 16 Yes bank revises lending rate downwards
Yes Bank on Tuesday cut its MCLR by 0.10 per cent across tenors, reacting to similar moves by competition. Yes Bank one year MCLR will now be 9.5 per cent as against 9.6 per cent earlier. The MCLR cut is effective from May 1. Once the MCLR is reduced, all loans linked to it, including home, car, personal, and education, become a bit cheaper.
04th May 16 Yes bank revises lending rate downwards
Yes Bank on Tuesday cut its MCLR by 0.10 per cent across tenors, reacting to similar moves by competition. Yes Bank one year MCLR will now be 9.5 per cent as against 9.6 per cent earlier. The MCLR cut is effective from May 1. Once the MCLR is reduced, all loans linked to it, including home, car, personal, and education, become a bit cheaper.
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